CoreLogic, Inc. (CLGX) Rating Lowered to Sell at BidaskClub

CoreLogic, Inc. (NYSE:CLGX) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday.

A number of other analysts have also weighed in on the company. Zacks Investment Research lowered CoreLogic from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $46.00 price objective on shares of CoreLogic in a research report on Thursday, July 27th. Oppenheimer Holdings, Inc. upped their price objective on CoreLogic from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Robert W. Baird upped their price objective on CoreLogic from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 13th. Finally, Barclays PLC upped their price objective on CoreLogic from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. CoreLogic currently has an average rating of “Hold” and an average target price of $45.00.

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Shares of CoreLogic (CLGX) traded up 0.28% during mid-day trading on Friday, reaching $45.78. The company’s stock had a trading volume of 157,710 shares. The stock has a 50 day moving average of $46.15 and a 200-day moving average of $43.11. The stock has a market cap of $3.86 billion, a P/E ratio of 42.04 and a beta of 0.95. CoreLogic has a one year low of $34.59 and a one year high of $48.02.

CoreLogic (NYSE:CLGX) last posted its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.06. CoreLogic had a return on equity of 17.07% and a net margin of 4.99%. The business had revenue of $473.98 million for the quarter, compared to analyst estimates of $478.72 million. During the same quarter in the prior year, the company earned $0.65 earnings per share. The company’s revenue was down 5.2% on a year-over-year basis. On average, equities research analysts expect that CoreLogic will post $2.33 EPS for the current fiscal year.

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In other CoreLogic news, General Counsel Stergios Theologides sold 5,000 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $44.00, for a total value of $220,000.00. Following the completion of the transaction, the general counsel now owns 63,806 shares in the company, valued at $2,807,464. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frank Martell sold 35,392 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $47.11, for a total transaction of $1,667,317.12. Following the completion of the transaction, the chief executive officer now owns 251,344 shares of the company’s stock, valued at approximately $11,840,815.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,242 shares of company stock valued at $3,325,193. Insiders own 1.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Somerset Trust Co boosted its stake in CoreLogic by 0.4% in the second quarter. Somerset Trust Co now owns 10,666 shares of the business services provider’s stock valued at $463,000 after acquiring an additional 47 shares in the last quarter. World Asset Management Inc boosted its stake in CoreLogic by 2.1% in the second quarter. World Asset Management Inc now owns 5,854 shares of the business services provider’s stock valued at $254,000 after acquiring an additional 120 shares in the last quarter. Capstone Asset Management Co. boosted its stake in CoreLogic by 1.1% in the second quarter. Capstone Asset Management Co. now owns 11,682 shares of the business services provider’s stock valued at $507,000 after acquiring an additional 130 shares in the last quarter. Advantus Capital Management Inc boosted its stake in CoreLogic by 1.3% in the first quarter. Advantus Capital Management Inc now owns 10,802 shares of the business services provider’s stock valued at $440,000 after acquiring an additional 141 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. boosted its stake in CoreLogic by 0.7% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 37,916 shares of the business services provider’s stock valued at $1,543,000 after acquiring an additional 275 shares in the last quarter. Institutional investors own 88.16% of the company’s stock.

About CoreLogic

CoreLogic, Inc is a provider of property information, analytics and data-enabled services. The Company provides detailed coverage of property, mortgages and other encumbrances, property risk and replacement cost, consumer credit, tenancy, location, hazard risk and related performance information. Its segments include Property Intelligence (PI), Risk Management and Work Flow (RMW), and Corporate.